Henson Crisp taking care of your future, offering specilaist retirement advice in Peterborough and London

Please Confirm

OK Cancel

Tax & Estate Planning

It's important to make sure you aren't paying more tax than you need to. Taxation can be very complicated and the rules, reliefs and allowances often change. This is where we can advise you.

Our UK tax year runs from 6 April through to 5 April. During this time everyone is required to pay an appropriate level of income tax on their earned income, which helps to pay for things like healthcare and education. As well as income tax, you can also be liable for capital gains tax on profits you make from any chargeable assets you have sold, or for tax on gifts you have made during your lifetime.

Tax Planning is not regulated by the Financial Conduct Authority.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

Trust Planning

Trust Planning helps you to manage assets for the future, so that you can plan ahead and know that taxation is being mitigated.

Since trusts usually avoid probate, your beneficiaries may access these assets quicker than they might access assets that are transferred using a will.

Estate Planning

As a consequence of increasing property prices more people than before have found themselves being caught liable to Inheritance Tax. If your estate is over the inheritance tax allowance (currently £325,000) when you die, it will be subject to a tax, known as Inheritance Tax (IHT).

Residence Nil Rate Band

From April 6, each individual can claim an additional allowance of £125,000 (reducing by £1 for every £2 that an estate exceeds £2,000,000) to offset the sale of a family home on death, on top of their existing £325,000 inheritance tax exemption. This new tax allowance will rise to £175,000 by 2020.

There is a wide range of investment products which are acceptable to HM Revenue and Customs and which enable investors to reduce their potential liability to either income tax or IHT or both.

Pension scheme members can also reduce their family's liability to IHT on the value of the member's death benefits by arranging spousal bypass trusts.

Ultimately, financial planning will focus on what happens to the estate when you are no longer around, we can help by talking to you about the importance of making a will and the basics of IHT. Should you then wish to find out more about estate planning and IHT we can arrange an initial discussion.

On Bereavement

Investments which form part of a deceased's estate are re-valued at the date of death, so if they are sold there will be no capital gains tax to pay on any profits.

An additional service which most professional advisers are able to provide is cashflow forecasting. This uses specialist technology to calculate the period of time over which a given investment portfolio might be expected to meet identified needs for income and or capital.

Capital Gains Tax

Capital Gains Tax

Individuals are entitled to an annual exemption. If you think that your investments have made substantial gains and you have not yet made use of your annual allowance, you should consider taking financial advice as you may be able to utilise your annual allowance, or reinvest in an ISA (subject to the ISA limits).
Find out More »



Income Tax is a tax you pay on your income. You don't have to pay tax on all types of income. You pay tax on things like: money you earn from employment, most pensions, interest on savings etc.. You don't pay tax on things like: income from tax-exempt accounts, Individual Savings Accounts (ISAs) and certain state benefits such as Personal Independence Payment.
See our Tax Tables »

Civil Partnerships

Inheritance Tax

The Inheritance Tax threshold remains unchanged for 2018/19 at £325,000, whilst the family home allowance has increased to £125,000. This means individuals (with direct dependants) will be offered a family home allowance so they can pass their home on to their children or grandchildren tax-free after their death.

Certain lifetime gifts can be made without giving rise to an inheritance tax charge. You can give away £3,000 worth of gifts each tax year (6 April to 5 April) and it is worth considering making a gift of this amount if you are in a position to do so.

Find out More »

Inheritance Tax

Venture Capital Trusts

These are designed to encourage individuals to invest indirectly in a range of small higher-risk trading companies whose shares and securities are not listed on a recognised stock exchange, by investing through Venture Capital Trusts. So, if you invest in a VCT, you spread the investment risk over a number of companies.
A Venture Capital Trust is only suitable for certain individuals. Please speak to a financial adviser before investing in these types of products.
Your capital may be at risk

Find out More »

he Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies to raise finance by offering a range of tax reliefs to investors

Enterprise Investment Scheme

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies to raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies.
An Enterprise Investment Scheme is only suitable for certain individuals. Please speak to a financial adviser before investing in these types of products.
Your capital may be at risk

Find out More »

Inheritance Tax

Spousal Bypass Trusts

Commonly the death benefits from a pension scheme are distributed to a surviving spouse and therefore an Inheritance Tax charge may occur on the death of the surviving spouse, when the assets are passed to the next generation. Spousal bypass trusts avoid death benefits passing directly to a spouse and so they will not form part of the spouse's estate.

Find out More »


The Financial Conduct Authority does not regulate trusts, tax planning or will writing.

The value of investments and income from them may go down. You may not get back the original amount invested.

Henson Crisp Limited

Telephone: 01733 355120 / 02036 377140
Email: enquiries@hensoncrisp.com

Registered Office:
Ground Floor Bank House, The Lawns, 33 Thorpe Road, Peterborough, PE3 6AB.
Registered in England, No. 06266686

Offices in both Peterborough and London.
Financial Advice for individuals and companies.

Site Disclaimers

No investment decision should be taken based on the content of this site. Always take full individual advice first.

Henson Crisp Limited cannot be held responsible for the accuracy of the content of external websites.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Regulatory Statement

Henson Crisp provides Independent Financial Advice.

Henson Crisp Limited is authorised and regulated by the Financial Conduct Authority (register.fca.org.uk/). Financial Services Register No: 469175

Our alternative dispute resolution provider is the Financial Ombudsman Service.
Their website is financial-ombudsman.org.uk